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Strategies & Market Trends : Bosco & Crossy's stock picks,talk area -- Ignore unavailable to you. Want to Upgrade?

To: El Canadiense who wrote (12468)	9/17/2005 6:03:27 AM
From: Crossy	Respond to of 37387

re: PBC.TO - Pebercan - C$5.95 (Oil in Cuba) Cartonet, well this "Commie Oil play" is doing quite nicely recently. Let me sum it up.. Website: pebercan.com Strengths: Producing more than 10.000boepd now with their recent horizontal wells - marketcap of around $3.75 Record number of drilling rigs active right now Last year's discovered Light oil pool to be drilled and developed early 2006 Owns 3 more significant concessions onshore cuba Weaknesses: current production heavy oil only - althought Pebercan gets a price that is based on Nymex Fuel Oil No.6 ("Bunker Oil") Maurel & Prom owns around 20% of the shares - might be viewed as a weakness but I'm unsure about it Also IMHO the country risk in Cuba is a two edged sword. One of the remaining stalwart communist countries but OTOH Castro isn't going to be around forever either.. biz.yahoo.com Pebercan: Appointment of a new CEO and success of the Seboruco 12 well Friday September 16, 8:15 am ET MONTREAL, Sept. 16 - PEBERCAN Inc. (TSX: PBC - News) is pleased to announce the appointment of Frédéric Boulet as President and Chief Executive Officer of Pebercan effective September 16, 2005. M. Boulet will replace Gilles Frachon, who will focus on the activities of the Corporation's two subsidiaries. In his capacity as President and CEO of Pebercan, M. Boulet will namely be responsible for the diversification and development of the Corporation's activities as well as the enhancement of its value. He will also be responsible for relations with financial markets. M. Boulet was Director of Development at the Institut Français du Pétrole, a French Petroleum Institute, from 1993 to 2001 prior to joining Etablissements Maurel & Prom S.A. as Chief Executive Officer in 2001, a position he held until August 2005. Michel Reybier, Chairman of the Board of Pebercan said: "After the great successes he has had at Maurel et Prom, we are very pleased to welcome Frédéric Boulet as President and CEO of Pebercan." Pebercan also announces the appointment of Didier Lechartier, representative of Maurel et Prom, as a director of the Corporation. M. Lechartier has been the Director of Business Development at Maurel et Prom since 2000. Furthermore, Pebercan announces that the Seboruco 12 development well was a success. Drilling of the well, which is located approximately 350 m east of the Seboruco 11 well, was completed after penetrating four successive reservoirs. Completed on August 31, 2005, this well produced over 1,500 barrels per day over a period of 48 hours on a choke 20-mm in diameter. Based on these results, the Corporation and its partners have decided to continue the intensive development of the Seboruco oilfield by drilling the Seboruco 13 development well in the near future. PEBERCAN Inc. is involved in the exploration, development and operation of oil reserves in the Republic of Cuba. Its mining domain includes five concessions covering 6,055 km2, including Block 7, the only concession operated to date. PEBERCAN sells all of its production to the Cuban government, but is not subject to any restrictions with regard to selling its oil. The Corporation's shares are listed on the TSX under the symbol PBC. The prospective statements mentioned herein are subject to known and unknown risks, uncertainty and other factors that could yield actual results, performance and occurrences of the Company that differ greatly from future results, performance and occurrences expressed or presumed by the preceding. For further information Communications Financières Renmark Inc., Henri Perron : hperron@renmarkfinancial.com Christina Lalli : clalli@renmarkfinancial.com Media - Cynthia Lane : clane@renmarkfinancial.com (514) 939-3989 Téléc. : (514) 939-3717 www.renmarkfinancial.com

To: El Canadiense who wrote (12468)	10/26/2005 12:31:58 PM
From: Crossy	Respond to of 37387

re: IEC.L - Imperial Energy 450p - news uk-wire.com Imperial Energy Corporation PLC 25 October 2005 IMPERIAL ENERGY CORPORATION PLC ACQUISITION OF A FURTHER 20% STAKE IN NORD IMPERIAL GIVING 100% OWNERSHIP Imperial Energy Corporation PLC ('Imperial'), the oil exploration and production company specialising in the oil and gas sector in the Commonwealth of Independent States, today announces the acquisition of an additional 20% shareholding in OOO Nord Imperial for US$22 million satisfied through a cash payment of US$6.44m with the balance in Imperial Energy shares. Warrants to subscribe for further shares have also been granted to the Vendors. Following completion of the transaction Imperial Energy will have 100% ownership of Nord Imperial. As a result, Imperial is issuing a total of 1,762,172 ordinary shares of 2.5p nominal value each fully paid, ranking pari passu to the existing ordinary shares of Imperial. The shares are being issued at £5 each, a £1 (25%) premium to the market price as at close of business on Friday 21 October 2005. In addition, warrants to subscribe for a further 1,100,000 new ordinary shares of 2.5 pence nominal value have been issued with a subscription price of £5 per share. The shares can be applied for at any time between six months and two years from completion of the purchase. Under the terms of the purchase the new shares issued cannot be sold for a minimum of 1 year. As a result of such issue of shares, the aggregate shareholding in Imperial of Alexander Ivanovich Korchik and his partner Luidmila Petrovna Sheshko increases to 1,792,085 ordinary shares of 2.5 pence each representing 4.56 % of the enlarged issued share capital of Imperial. On the basis of the previously issued TRACS report, the acquisition of the 20% share in Nord Imperial increases Imperial's total 2P (P50) expected recoverable reserves by 28 million barrels net to Imperial to a total of 220 million barrels net from the five fields so far reported on by TRACS. Net present value ('NPV') discounted at 10% of these five fields increases by US$72m to US$598m on the basis of $30/bbl, by US$104m to US$862m on a $40/bbl basis and by US$135m to US$1108m on a US$50 bbl basis. The two blocks comprising Nord Imperial's interests, 69 and 77 are at the center of Imperial's drive for early production and will feature significantly in Imperial's winter 2005/2006 programme. Well tests conducted earlier this year confirmed the commercial potential of the Snezhnaya field, Block 77 and of Block 69. Imperial is moving rapidly onto a programme of appraisal drilling in order to commence early production from Nord Imperial, estimated at 2000 boepd in 2006. It was recently announced that the first well of the 4 appraisal/production wells comprised in the current programme at Snezhnaya, has identified 9 metres of net oil pay. Whilst after completion of this transaction Imperial will continue to pay 100% of all exploration and development costs on Nord Imperial's Blocks Imperial now has full control and will receive 100% of all income. Peter Levine, Chairman Imperial Energy, commented: 'Full control of Nord Imperial gives shareholders all of the upside from these highly prospective Blocks, with an extensive programme already underway and first production scheduled for early 2006.' 25 October 2005 Imperial Energy Corporation PLC Peter Levine +44(0)207 758 9658 Pelham PR James Henderson +44(0)207 743 6673/+44(0)777 4444 163 EDITOR'S NOTES Imperial originally acquired an initial 60% interest in Nord Imperial in a Government auction in November 2004. A further 20% interest was acquired in December 2004. Nord Imperial comprises two blocks, Block 77 with over 1,000 square kilometres of acreage and Block 69, with over 2,000 square kilometres of acreage.

To: El Canadiense who wrote (12468)	3/16/2006 5:04:32 AM
From: Crossy	Read Replies (1) \| Respond to of 37387

re: IEC.L - Imperial Energy - 610p News - Significant Land acquisition in the Tomsk region investegate.co.uk Imperial Energy Corporation PLC 16 March 2006 PRESS RELEASE IMPERIAL ENERGY CORPORATION PLC ('Imperial') SIGNIFICANT NEW ACQUISITION Imperial, the oil exploration and production company operating in the Commonwealth of Independent States today announces the acquisition at auction of a significant Block with proven oil discoveries in the Tomsk region of Western Siberia, Russian Federation. At an auction held this morning in Tomsk by the Ministry of National Resources, Imperial's wholly owned subsidiary OOO Nord Imperial, agreed to acquire Block 80 for the sum of 148,200,000 roubles (US$5.25m). Block 80 is a highly prospective exploration block with existing oil discoveries. It is the first Block to be acquired by Imperial east of the River 0b and extends to over 3,844 square kilometres (equivalent in size to some 19 North Sea Blocks). The Block contains a number of large potentially prolific structures. Some wells have already been drilled as well as certain seismic acquired. Particularly important is that in Soviet times two wells found clean oil and delivered it to the surface. Imperial is confident that when stimulated by the latest fraccing techniques commercial flow rates of a substantially high number will be obtained. The new licence for Block 80 will be acquired on a 25 year term, covering production as well as exploration with a work programme that Imperial considers very practical and eminently achievable. Peter Levine, Chairman and Chief Executive, commented: 'We are very pleased with the outcome of the auction. This is a most significant acquisition for Imperial of a licensed Block of great potential and compares very favourably with the previous acquisitions at auction of the now very successful Blocks 69 and 77. It materially broadens the range of Imperial's interests, complementing our producing acreage and provides further realistic major exploration upside for future growth. We intend to commence work on this Block before the end of the year.' 16 March 2006 Imperial Energy Corporation PLC Peter Levine +44(0)207 758 9658 Pelham PR James Henderson +44(0)207 743 6673/+44(0)777 4444 163 This information is provided by RNS The company news service from the London Stock Exchange